Royal Alliance/Pershing Tax Mailing Schedule For 2018 (1099s)

Royal Alliance/Pershing Tax Mailing Schedule For 2018 (1099s)

Phase One: January 31, 2019

2018 Pershing/Royal Alliance and SEI Private Trust Company Forms 1099-R* Tax Packages and SEI Private Trust Company 5498 Tax Packages will be mailed for accounts with holdings and income that typically do not require reclassification or additional information from issuers. Generally, this includes accounts holding fixed income (debt), equity-only investments and options. This form reports the distributions from IRAs, pensions, annuities, retirement and profit-sharing plans during the prior calendar year.

* Please note that the mailing of Forms 1099-DIV, 1099 – INT, 1099-OID and 1099-Bs expected to be postmarked February 15-28, 2019 due to the increasingly late receipt of finalized tax information from non-SEI mutual fund companies and REITs.

Phase Two: February 15, 2019

Pershing/Royal Alliance and SEI Private Trust Company will be producing the first batch of 1099 Composite Tax forms. SEI will only include tax forms for accounts which we have received and applied all ROCR (Refresher on Return of Capital) factors for all holding within the account.

Generally, this mailing includes mutual funds, certain unit investment trusts (UITs), real estate investment trusts (REITs) and certain equities that were not included in the phase one mailing.

If you hold positions for which issuers have not provided final 2018 tax information, you will receive a Pending 1099 Notice. This will identify the holdings impacting the mailing date of your Forms 1099 and provide the anticipated mail date. If you received your Forms 1099, you will not be sent this notice.

Phase Three: February 28, 2019

Forms 1099 will be mailed for accounts for which income reclassifications were received after the February 15th mailing was prepared. Generally, this includes remaining mutual funds, REITs and certain equities.

Phase Four: March 15, 2019

Final 2018 1099 Tax Forms will be mailed for all remaining accounts regardless of whether pending income reclassifications have been received from issuers. Generally, this includes certain complex, non-equity securities, such as real estate mortgage investment conduits (REMICs), widely held fixed investment trusts (WHFITs) and some UITs.

Phase Five: May 31, 2019

You may receive a corrected Form 1099. There are several reasons for this – for example, issuers of securities held in your account may provide updated or additional information after your Form 1099 is mailed to you. The IRS requires financial organizations to send corrected forms with revised information as it becomes available.

Corrected 1099 Forms Will Be Mailed as Needed

If a retirement account holder makes a contribution in 2019 for the 2018 tax year after January 31st, Royal Alliance/Pershing and SEI will revise their 2018 tax form and reissue.

Other Important Tax Information for 2018 and Next Steps

For additional tax Information for 2018, visit us at Universalwm.com or visit irs.gov for up to date tax changes for 2018. For the 2019 tax year, you may also want to update your account to reflect the proper elections you will be making with the IRS.

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*Securities, insurance and investment advisory services offered through Royal Alliance Associates, Inc. Member of FINRA/SIPC and a registered investment advisor. Additional insurance services offered through Universal Wealth Management, LLC. Listed entities are not affiliated with Royal Alliance Associates, Inc.